Alphabet Inc. (GOOGL)
Similar size · 1.17x market cap
Diversified cloud platforms. Advertising is the largest business; cloud is a separate segment.
YouTube · Q2 2026 · 2026-07-23
MSFT · NasdaqGS
Microsoft Corp.
Software - Infrastructure · United States
USD 493.78-0.8% daily changeQuote 2026-09-18 · USD
- Market cap (USD)
- US$3.67T
- Trailing P/E
- 27.48x
- Forward P/E
- 20.93x
- Quarterly revenue growth
- 17.7%
- Trailing net margin
- 40.3%
- Indicated dividend yield
- 0.8%
Snapshot 2026-09-20 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-10-28 (provider estimate, not issuer-confirmed).
Company background
Microsoft Corporation, a technology company, develops and supports a portfolio of technology solutions for individuals and businesses worldwide. Its products include operating systems, server applications, business solution applications, software development tools, desktop and server management tools, and video games; and devices, such as PCs, tablets, gaming and entertainment consoles, other intelligent devices, and related accessories. The company's Productivity and Business Processes segment offers Microsoft 365 Commercial, Enterprise Mobility + Security, Power BI, Exchange, SharePoint, Microsoft Teams, Microsoft 365 Security and Compliance, Microsoft 365 Copilot, and Windows Commercial on-premises and Office licensed on-premises. This segment also provides Microsoft 365 Consumer products and cloud services; LinkedIn, including talent solutions, marketing solutions, subscriptions, and sales solutions; Dynamics 365, a set of cloud-based applications; and on-premises ERP and CRM applications. Its Intelligent Cloud segment offers server products and cloud services; cloud and AI consumption-based services, GitHub cloud services, health and life sciences cloud services, as well as virtual desktop offerings, and other cloud services; SQL Server, Windows Server, Visual Studio, System Center, and related client access licenses; and enterprise support services, industry solutions, Microsoft partner network, and learning experience. The company's More Personal Computing segment provides Windows OEM licensing and devices comprising Surface and PC accessories; XBOX hardware, and XBOX first- and third-party content and services; XBOX Game Pass and other subscriptions; XBOX Cloud Gaming, advertising, and other cloud services; and search advertising consisting of Bing, Copilot, Microsoft News, Microsoft Edge, and third-party affiliates. It sells its products through partners and retail networks. The company was founded in 1975 and is headquartered in Redmond, Washington.
Company websiteQ4 FY2026
Go beyond the headline.
Microsoft (MSFT): Its Best Quarter Ever — But $140B of AI Capex Is Eating the Cash Flow
Published 2026-07-30
Comparable businesses
MSFT peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | MSFTMicrosoft CorporationSnapshot 2026-09-20Financial period: 2026-06-30 | GOOGLAlphabet Inc.Snapshot 2026-09-20Financial period: 2026-06-30 | AMZNAmazon.com, Inc.Snapshot 2026-09-20Financial period: 2026-06-30 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$3.67T | US$4.27T | US$2.74T | US$3.51Tn=2 |
| Forward P/EProvider forward earnings estimate | 20.93x | 23.49x | 24.45x | 23.97xn=2 |
| EV / EBITDAEnterprise value / trailing EBITDA | 19.14x | 24.09x | 16.96x | 20.53xn=2 |
| Revenue growthLatest quarter vs prior-year quarter | 17.7% | 24.2% | 19.6% | 21.9%n=2 |
| Operating marginLatest reported quarter | 45.1% | 34.0% | 13.7% | 23.9%n=2 |
| Free cash flow yieldTrailing cash flow / market cap | 0.5% | 0.5% | 0.1% | 0.3%n=2 |
| Net debt / EBITDANet debt / trailing EBITDA | 0.27x | -0.70x | 0.76x | 0.03xn=2 |
| Debt / equityTotal debt / positive book equity | 0.29x | 0.19x | 0.46x | 0.32xn=2 |
| Trailing P/ETrailing twelve-month earnings | 27.48x | 17.55x | 20.41x | 18.98xn=2 |
| Price / bookPrice / positive book equity per share | 8.29x | 6.87x | 4.96x | 5.91xn=2 |
| EV / salesEnterprise value / trailing revenue | 11.21x | 9.36x | 3.69x | 6.52xn=2 |
| Earnings growthLatest quarter vs prior-year quarter | 31.7% | 294.0% | 242.3% | 268.1%n=2 |
| Gross marginTrailing twelve months | 67.9% | 60.9% | 50.8% | 55.8%n=2 |
| Net marginTrailing twelve months | 40.3% | 54.8% | 17.4% | 36.1%n=2 |
| Return on equityProvider trailing return; positive equity only | 34.0% | 48.7% | 30.6% | 39.6%n=2 |
| Free cash flow marginTrailing free cash flow / revenue | 5.0% | 5.1% | 0.4% | 2.7%n=2 |
| Dividend yieldIndicated annual dividend / price | 0.8% | 0.3% | — | — |
| Earnings payoutProvider trailing dividend payout | 19.8% | 4.3% | 0.0% | 2.1%n=2 |
| Current ratioCurrent assets / current liabilities | 1.23x | 2.72x | 1.03x | 1.88xn=2 |
| BetaProvider historical market sensitivity | 1.11 | 1.23 | 1.44 | 1.33n=2 |
YouTube · Q2 2026 · 2026-07-23
Amazon.com, Inc. (AMZN)
Similar size · 0.75x market cap
Diversified cloud platforms. Cloud infrastructure is one segment; retail materially changes the consolidated economics.
YouTube · Q2 2026 · 2026-07-31
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
Price history loads separately.
Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for MSFT
Q4 FY20262026-07-30
Microsoft (MSFT): Its Best Quarter Ever — But $140B of AI Capex Is Eating the Cash Flow
Presentation · 2026-07-30 · YouTube
Q3 FY20262026-04-29
MSFT Stock: $82.9B Revenue — Q3 FY2026 Earnings Analysis
Presentation · 2026-04-29 · YouTube
MSFT Stock: $82.9B Revenue — Q3 FY2026 Earnings Analysis
Presentation · 2026-04-29 · YouTube
MSFT Stock: $82.9B Revenue — Q3 FY2026 Earnings Analysis
Presentation · 2026-04-29 · YouTube
Q1 20262026-04-07
MSFT Q1 2026 earnings analysis
Presentation · 2026-04-07 · YouTube